Value-Add Medical Office
415 S School St Boerne, TX 78006
For Sale
Contact for pricing
Medical office building with a partially completed 4,200-square-foot suite, currently 6,076 square feet occupied by a dental clinic.
Property Size11,176 SF
Days on Market105
Property Features for 415 S School St
General Information
- Standard status
- Active
- Size
- 11,176 SF
- Property subtype
- Office, Retail
Listing Agency:
Keller Williams - City View
Listed By:
Gustavo Torres · License #TX 681940
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Jul 23 at 11:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams - City View
Investment Insights
Based on property information with market context.
Pfalz Plaza is an 11,176-square-foot medical office building offering a value-add position with a 4,200-square-foot office suite currently in shell condition. The property also includes 6,076 square feet occupied by Little Smiles Dental Clinic, which has been operating at the site for three years, plus an additional 900-square-foot apartment unit. The offering contemplates completing the shell suite and converting the apartment to an office suite to increase leasable office space.
The plaza is located with quick access to Interstate 10 and major city thoroughfares including Bandera Rd and Main St. Nearby retail and national credit tenants cited in the remarks include The Home Depot, Starbucks, and Wells Fargo, along with HEB Grocery, all less than three-quarters of a mile away.
Per the underwriting described in the materials, both suites could be leased on a triple net basis at $20.00 per square foot, which the seller states would equate to an estimated $100,000 annual increase to Net Operating Income and an approximate $1,300,000 increase in building value.
The plaza is located with quick access to Interstate 10 and major city thoroughfares including Bandera Rd and Main St. Nearby retail and national credit tenants cited in the remarks include The Home Depot, Starbucks, and Wells Fargo, along with HEB Grocery, all less than three-quarters of a mile away.
Per the underwriting described in the materials, both suites could be leased on a triple net basis at $20.00 per square foot, which the seller states would equate to an estimated $100,000 annual increase to Net Operating Income and an approximate $1,300,000 increase in building value.
Key Highlights
- 11,176 SF medical office building at 415 S. School St, Boerne, TX 78045
- 6,076 SF currently occupied by Little Smiles Dental Clinic, operating at the site for 3 years
- Includes a 4,200 SF office suite in shell condition that can be completed
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Morrison Veterinary Clinic — Boerne, TX 78006
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- Hill Country Veterinary Surgical Specialty, PLLC — 826 Johns Rd, Boerne, TX 78006
FAQs
What type of property is this?
Medical Office Space - Medical office building with a partially completed 4,200-square-foot suite, currently 6,076 square feet occupied by a dental clinic.
Where is this medical office space located?
The property is located at 415 S School St Boerne, TX.
What are key features of this property?
This property features: 11,176 SF medical office building at 415 S. School St, Boerne, TX 78045; 6,076 SF currently occupied by Little Smiles Dental Clinic, operating at the site for 3 years; Includes a 4,200 SF office suite in shell condition that can be completed
